Accent Capital Management LLC Makes New $503,000 Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Accent Capital Management LLC bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 3rd quarter, Holdings Channel reports. The firm bought 6,449 shares of the credit services provider’s stock, valued at approximately $503,000.

Several other hedge funds have also made changes to their positions in PYPL. Bruce G. Allen Investments LLC lifted its stake in PayPal by 7.4% in the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after acquiring an additional 124 shares during the period. First United Bank & Trust lifted its position in shares of PayPal by 6.4% in the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after purchasing an additional 145 shares during the period. Ritholtz Wealth Management boosted its stake in shares of PayPal by 3.3% during the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after purchasing an additional 152 shares in the last quarter. SYSTM Wealth Solutions LLC increased its holdings in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares during the period. Finally, First Bank & Trust raised its stake in PayPal by 4.4% in the third quarter. First Bank & Trust now owns 4,016 shares of the credit services provider’s stock worth $313,000 after buying an additional 171 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Up 0.0 %

Shares of PYPL stock opened at $85.83 on Friday. PayPal Holdings, Inc. has a twelve month low of $55.28 and a twelve month high of $87.92. The stock has a market cap of $86.05 billion, a P/E ratio of 20.48, a P/E/G ratio of 1.53 and a beta of 1.43. The stock has a 50 day moving average of $78.86 and a 200 day moving average of $69.02. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period in the previous year, the firm earned $0.97 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 4.56 EPS for the current year.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price target on PayPal from $84.00 to $89.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Barclays boosted their target price on shares of PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Mizuho raised their price target on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Robert W. Baird boosted their price objective on shares of PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and an average price target of $83.45.

PayPal Company Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.